FLATPAY TECH ApS

The company's purpose is to conduct business in software development and commercialisation, as well as related activities.

Development in activities and finances

The loss for the year amounts to DKK 95 thousand. The company's balance sheet shows total assets of DKK 897 ​thousand and equity of negative DKK 89 thousand.​​The management is aware that there has been a loss of capital in the company, and that the management is ​responsible for ensuring that the capital resources of the company are adequate at all times, including that there ​is sufficient liquidity to meet the company's current and future obligations as they fall due. ​​The Company is fully funded by intercompany loans. The Company has received a letter of support from Flatpay ApS. On this basis Management considers that it is appropriate to prepare the financial statements ​on a going concern basis. ​

The Entity participates in a Danish joint taxation arrangement where Flatpay ApSserves as the administration company. According to the joint taxation provisions of the Danish Corporation Tax Act, the Entity is therefore liable for income taxes etc. for the jointly taxed entities, and for obligations, if any, relating to the withholding of tax on interest, royalties and dividend for the jointly taxed entities. The jointly taxed entities' total known net liability under the joint taxation arrangement is disclosed in the administration company's financial statements.